45-2-903. Reformation.
163 words·~1 min read·
/nm/chapter-45-uniform-probate-code/article-2-intestate-succession-and-wills/45-2-903·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the ninety years allowed by each Paragraph
(2)of Subsections A, B or C of Section 45-2-901 NMSA 1978 if:
A. a nonvested property interest or a power of appointment becomes invalid under Section 45-2-901 NMSA 1978;
B. a class gift is not but might become invalid under Section 45-2-901 NMSA 1978 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
C. a nonvested property interest that is not validated by Paragraph
(1)of Subsection A of Section 45-2-901 NMSA 1978 can vest but not within ninety years after its creation.
History: 1978 Comp., § 45-2-1003, enacted by Laws 1992, ch. 66, § 3; recompiled as 1978 Comp., § 45-2-903 by Laws 1993, ch. 174, § 66; 1995, ch. 210, § 26.